Research On The Transformation And Development Of Local Government Investment And Financing Platform

The local government investment and financing platform is a unique product arising from the background of China's tax-sharing reform.It is used to assume the financing functions of government-invested projects,and has made significant contributions to local economic development in expanding domestic demand,making up for local government deficits,and attracting social capital.However,due to its lack of relevant institutional constraints in the development process and the period of unstandardized development,it has created many problems and risks in its development and growth,which has seriously affected the healthy development of China's economy and finance.Therefore,it is of great practical significance to explore how the local government investment and financing platform will shift to development.As China's economy has entered a new normal,the pattern of investment-driven economic development is no longer able to adapt to the economic policy environment of the new era.In addition to the increasingly stringent financial supervision,the transformation and development of local government investment and financing platforms is particularly necessary and urgent.In recent years,it has continuously issued documents to regulate the development of investment and financing platforms.The local government investment and financing platforms generally have problems such as non-standard management,inconsistent funding sources and use,and low level of market-oriented operation,which has brought great hidden troubles to the healthy and stable development of China's economy.In this context,how the government investment and financing platform will develop will become a realistic issue that needs to be solved.This article in analyzes our country local government investment and financing platform development,motivation,transformation development direction,on the basis of innovative ideas,clear direction,from the path selection of transformation development and experience for reference,etc.,on the economy under the new normal explore the state-controlled group how to transform the development of BAODING G GROUP.Combined with the development status of BAODING G GROUP,analyzes the problems in the development of the transformation and the cause of the problem,targeted propose specific measures on the development of transformation,the transformation of development become the marketization of diversification of investment and financing,investment and financing behavior,project development operation in an integrated group of companies.